2 Bed Apartment House For Sale Sanvey Gate, Leicester, LE1

£125,000- Apartment

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Last Updated: 22nd June 2024

Description

Property Description:
The accommodation comprises of open plan kitchen living area with a Juliette balcony, two bedrooms and a bathroom. The kitchen has an electric hob and integrated oven with cooker hood, washing machine, dishwasher and integrated fridge freezer. The property is an ideal investment opportunity with a potential rental yield of 6.4% based on a rental income of £750pcm.

Tenure: Leasehold - 982 years
Ground rent: £150 per annum
Service charge: £150 per quater

Rooms & Dimensions:
Open plan Lounge/Kitchen: 3.41m x 7.25m (Max)
Bedroom One: 2.74m x 4.72m (Max)
Bedroom Two: 2.69m x 4.68m (Max)
Family Bathroom: 2.21m x 1.97m (Max)

Outside:
The property is located on the fourth floor which can be accessed via a stairway and multiple lifts. The property also comes with an allocated parking space

Location:
The property is situated minutes' walk from Leicester City Centre and is surrounded by a vast range of amenities including supermarkets, banks, LRI, Abbey Park and Leicester Railway Station.

Viewings and Directions:
Strictly by appointment only through the sole agent Fraser Stretton

Postcode for Sat Nav: LE1 4BR

Tenure: Leasehold (982 years)
Ground Rent: £150 per year
Service Charge: £150 per quarter
Agent Details
FRASER STRETTON LTD
15 Allandale Road, Leicester, LE2 2DA

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
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Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested